Canadian Pacific Kansas City (TSE:CP) Stock: Insider Nadeem Velani Sells 8,880 Shares

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Nadeem Velani sold 8,880 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of C$131.75, for a total transaction of C$1,169,940.00. Following the transaction, the insider directly owned 4,682 shares of the company’s stock, valued at C$616,853.50. This represents a 65.48% decrease in their ownership of the stock.

Nadeem Velani also recently made the following trade(s):

• On Monday, November 2nd, Nadeem Velani sold 1,925 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$127.75, for a total value of C$245,918.75.
• On Tuesday, November 3rd, Nadeem Velani sold 1,500 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$128.25, for a total transaction of C$192,375.00.
• On Wednesday, November 4th, Nadeem Velani sold 4,682 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$131.80, for a total transaction of C$617,087.60.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down C$0.26 during mid-day trading on Thursday, hitting C$131.42. 1,402,818 shares of the stock were exchanged, compared to its average volume of 1,384,632. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 56.46. Canadian Pacific Kansas City Limited has a 52-week low of C$96.50 and a 52-week high of C$133.54. The firm has a fifty day moving average of C$124.30 and a 200 day moving average of C$119.76. The company has a market cap of C$114.28 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share for the quarter. The business had revenue of C$4.22 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 4.34 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 26th were given a $0.2680 dividend. The ex-dividend date was Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 22.91%.

Analysts Set New Price Targets

CP has been the topic of a number of research analyst reports. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Stifel Nicolaus set a C$150.00 target price on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Tuesday, October 27th. Scotia upped their price objective on shares of Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Royal Bank Of Canada increased their price objective on shares of Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. Finally, Citigroup lifted their price objective on Canadian Pacific Kansas City from C$102.00 to C$106.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of C$139.00.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.